Archived News

20/12/2013 (Bloomberg) - Palm oil climbed, set for the biggest weekly advance in four, as a decline in the Malaysian currency to the lowest level in three months boosted prospects for exports from the world’s second-largest producer.

19/12/2013 (Reuters) - Malaysian palm oil futures ended lower on Wednesday, following weaker competing soy markets in China and the United States, but prices were held up by the ringgit's poor performance and concerns of another wave of floods disrupting output of the tropical oil.

19/12/2013 (Business Recorder) - London vegetable oil prices at 1700 GMT.

19/12/2013 (MoneyControl.com) - NCDEX, the leading commodity exchange is seeing greater traction in its castor seed futures contract. Volume of Castor seed contract has seen over 95 percent increases in last one month. Apart from Castor seed contract, NCDEX crude oil contract has seen 1,14,400 barrels volume and recently launched Crude Palm Oil contract has also witnessed volume of 22724 MT during last fortnight.

19/12/2013 (The Star) - The singular row of corn growing by the side of the road seems a little out of place.

19/12/2013 (Bloomberg) - Palm oil rallied the most in almost two weeks on speculation that exports from Malaysia, the world’s second-largest producer, may increase after the local currency slid to the lowest level in three months.

19/12/2013 (Reuters) - Plantation firm PT Astra Agro Lestari Tbk, a unit of PT Astra International Tbk, reported its crude palm oil (CPO) output rose 4 percent during January to November, from the same period a year ago, said Director Juddy Arianto in a statement quoted by Kontan.

18/12/2013 (Reuters) - Malaysian palm oil futures ended lower on Tuesday as investors booked profits from gains in the morning session, although losses were capped by weakness in the ringgit and worries that another wave of floods would curb supply of the tropical oil.

18/12/2013 (Bloomberg) - Global exports of palm oil may decline this season for the first time in 16 years as makers of biofuel and cooking oil substitute sunflower and soybean oil, Oil World said.

18/12/2013 (Business Recorder) - Following are London vegetable oil prices at 1700 GMT.

18/12/2013 (4-Traders) - Neste Oil has achieved its long-term target of using only certified palm oil as an input for its renewable diesel production process. The original target, set in 2009, was that 100% of the raw palm oil used would be certified by the end of 2015, but thanks to a major effort this target has been achieved two years early, in 2013. All the renewable inputs used by Neste Oil have been traced back to the plantations and production sites from which they come since the company began producing renewable diesel in 2007.

18/12/2013 (4-Traders) - In addition to achieving its commitment to source 100 percent mass balanced RSPO (Roundtable on Sustainable Palm Oil) certified palm oil more than a year ahead of its original 2015 commitment, The Hershey Company (NYSE:HSY) announced today it will also work with its suppliers to achieve 100 percent traceable and sustainably sourced palm oil by the end of 2014.